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The following data is available regarding costs and units:Observation Machine-hours Total Operating CostsJanuary 4,000 $45,900February 5,000 52,500March 3,400 44,025April 4,400 48,000May 4,500 49,200Required:a. Use the high-low method to determine variable cost per unit and the fixed costs.b. If June's estimated machine-hours total 4,200, what are the total estimated costs of the Machining Department? What are the costs per hour?Variable Cost Per Unit ___________________________________Fixed Costs ____________________________________Costs @ 4,200 units ____________________________________Cost Per Hour @ 4,200 ____________________________________
Most of David's clients are local. However, a few of his clients require out of town travel. He incurred $2,500 of airfare, $1,570 in lodging and $1,313 in meals relating to the bu
The following data relate to three joint products: A B C
1. A company is considering a project that requires an initial investment of $100 million and will pay $20 million of each of the next 10 years, and nothing thereafter. The company
the following activities relating to indirect production costs: Activity Activity Costs Cost Drivers Machine Setup $180,000 1,500 setup hours Materials Handling $50,000 12,500 poun
what is inventory turnover
The following information is available for the automotive division of Ford Motor Company for 2009. The company uses the LIFO inventory method.
You are reviewing a cost proposal, which includes an $800,200 direct material estimate. After Initial examination of the proposal, you note that there are 500 material items, but y
Process Costing Procedure 1. The production factory is divided into a number of methods. 2. An account is maintained and opened for every process. 3. Every process accou
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1) The Svelte Jeans Company produces two different types of jeans. One is called the "Simple Life" and the other is called the "Fancy Life". The company sales budget estimates that
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